Guideline Value for Perumal Kovil Street

Perumal Kovil Street guideline value

The current guideline value of Perumal Kovil Street is Rs 111 per sq.ft, effective from 1 July 2024. This street is located in Thirumalpattu village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Perumal Kovil Street has changed

Looking at the revisions over the years, the guideline value for Perumal Kovil Street has seen several changes. The 2012 revision set the value at Rs 110 per sq.ft, which then decreased to Rs 74 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 111 per sq.ft, where it remained unchanged in the 2024 revision.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by just 1%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirumalpattu

Currently, there are no specific village figures available for Thirumalpattu. The only street listed is Perumal Kovil Street, which has a guideline value of Rs 111 per sq.ft as of 2024.

Stamp duty and registration fee for property in Perumal Kovil Street

For a 1,000 sq.ft plot at the current rate, the guideline value would amount to Rs 1,11,000. The stamp duty at 7% would be Rs 7,770, and the registration fee at 2% would be Rs 2,220, bringing the total to Rs 9,990. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Perumal Kovil Street?

The Sub Registrar Office that covers Perumal Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thirumalpattu

The guideline value plays a crucial role when buying or selling property in Thirumalpattu. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value might differ from the actual sale price.

When registering a property, the higher value between the guideline value and the sale price is considered for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Perumal Kovil Street?

The current guideline value of Perumal Kovil Street is Rs 111 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 110 per sq.ft in 2012 to Rs 74 per sq.ft in 2017, then increased to Rs 111 per sq.ft in 2023 and remained the same in 2024.

What is the stamp duty rate for properties on Perumal Kovil Street?

The stamp duty rate for properties on Perumal Kovil Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Perumal Kovil Street located?

The Sub Registrar Office for Perumal Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the guideline value determined for property transactions?

The guideline value is determined by the Registration Department and is used to calculate the stamp duty and registration fees during property transactions. It is crucial for buyers and sellers to be aware of this value when engaging in real estate transactions.